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Ellis Martin Report: Skyharbour Resources Ltd (SYHBF) Signs Option Agreement with North Shore Energy Metals for South Falcon Uranium Property in the Athabasca Basin
Malibu, CA, United States (ABN Newswire) - In this segment of The Ellis Martin Report we speak wi...
About this update from Skyharbour Resources Ltd.
[{"type":"text","content":"Ellis Martin Report: Skyharbour Resources Ltd (SYHBF) Signs Option Agreement with North Shore Energy Metals for South Falcon Uranium Property in the Athabasca Basin\n \n Malibu, CA, United States (ABN Newswire) - In this segment of The Ellis Martin Report we speak with Jordan Trimble, the CEO of Skyharbour Resources Ltd (CVE:SYH) (OTCMKTS:SYHBF) as the company continues to prove out its project generator model with the signing of an option agreement with North Shore Energy Metals for the South Falcon Uranium Property in Canada's Athabasca Basin.\n \n \n We also review the macro view of the uranium sector including the metal and the equities.\n \n \n To Listen to the Interview, please visit:\n \n https://www.abnnewswire.net/lnk/O641F824\n \n \n \n \n \n About Skyharbour Resources Ltd.:\n \n \n \n Skyharbour Resources (CVE:SYH) (OTCMKTS:SYHBF) holds an extensive portfolio of uranium and thorium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with six drill-ready projects. In July 2016, Skyharbour acquired an option from Denison Mines, a large strategic shareholder of the Company, to acquire 100% of the Moore Uranium Project which is located approximately 15 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River uranium mine. Moore is an advanced stage uranium exploration project with high grade uranium mineralization at the Maverick Zone. Drill results have returned up to 6.0% U3O8 over 5.9 metres, including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres. Skyharbour has signed option agreements with Orano Canada Inc. and Azincourt Energy whereby Orano and Azincourt can earn in up to 70% of specific segments of the Preston Project through a combined $9,800,000 in total exploration expenditures, as well as $1,700,000 in total cash payments and Azincourt shares. Preston is a large, geologically prospective property proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit. The Company also owns a 100% interest in the Falcon Point Uranium Project which hosts a high-grade surface showing with up to 68% U3O8 in grab samples from a massive pitchblende vein, the source of which has yet to be discovered. The Company's 100% owned Mann Lake Uranium project on the east side of...